JT Projects: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
JT Projects
Largest movements
- Cash -€5,141
down €5,141 (-55.0%), from €9,354 to €4,214
mainly Contributions, distributions and other (-€27,469) and Investment in fixed assets (net) (-€5,362)
- Tangible fixed assets -€1,044
down €1,044 (-4.0%), from €26,062 to €25,017
of which Other tangible fixed assets: -€3,373
- Receivables within one year +€599
up €599 (+5.9%), from €10,111 to €10,710
of which Other amounts receivable: +€557
- Deferred charges and accrued income +€506
new in 2025: €506
- Reserves -€3,327
down €3,327 (-12.1%), from €27,469 to €24,141
- Trade debts -€1,441
down €1,441 (-23.5%), from €6,135 to €4,694
- Tax, wage and social debts -€517
down €517 (-5.2%), from €9,923 to €9,406
- Gross operating margin -€3,626
down €3,626 (-8.2%), from €44,305 to €40,680
- Taxes -€1,124
down €1,124 (-14.0%), from €8,012 to €6,889
- Financial charges +€884
up €884 (+46.8%), from €1,890 to €2,773
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,527 | €40,447 | -€5,080 | -11.2% |
| Fixed assets | 21/28 | €26,062 | €25,017 | -€1,044 | -4.0% |
| Tangible fixed assets | 22/27 | €26,062 | €25,017 | -€1,044 | -4.0% |
| Furniture and vehicles | 24 | €9,404 | €11,733 | +€2,329 | +24.8% |
| Other tangible fixed assets | 26 | €16,658 | €13,285 | -€3,373 | -20.2% |
| Current assets | 29/58 | €19,466 | €15,430 | -€4,036 | -20.7% |
| Amounts receivable within one year | 40/41 | €10,111 | €10,710 | +€599 | +5.9% |
| Trade receivables | 40 | €10,014 | €10,056 | +€42 | +0.4% |
| Other amounts receivable | 41 | €97 | €653 | +€557 | +575% |
| Cash at bank and in hand | 54/58 | €9,354 | €4,214 | -€5,141 | -55.0% |
| Deferred charges and accrued income | 490/1 | - | €506 | +€506 | |
| Total equity and liabilities | 10/49 | €45,527 | €40,447 | -€5,080 | -11.2% |
| Equity | 10/15 | €29,469 | €26,141 | -€3,327 | -11.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €27,469 | €24,141 | -€3,327 | -12.1% |
| Distributable reserves | 133 | €27,469 | €24,141 | -€3,327 | -12.1% |
| Amounts payable | 17/49 | €16,059 | €14,306 | -€1,753 | -10.9% |
| Amounts payable within one year | 42/48 | €16,059 | €14,306 | -€1,753 | -10.9% |
| Trade debts | 44 | €6,135 | €4,694 | -€1,441 | -23.5% |
| Suppliers | 440/4 | €6,135 | €4,694 | -€1,441 | -23.5% |
| Taxes, remuneration and social security | 45 | €9,923 | €9,406 | -€517 | -5.2% |
| Taxes | 450/3 | €9,923 | €9,406 | -€517 | -5.2% |
| Other amounts payable | 47/48 | - | €206 | +€206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,616 | €6,406 | -€210 | -3.2% |
| Other operating charges | 640/8 | €318 | €470 | +€152 | +47.7% |
| Gross operating margin | 9900 | €44,305 | €40,680 | -€3,626 | -8.2% |
| Operating profit (loss) | 9901 | €37,371 | €33,803 | -€3,568 | -9.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,890 | €2,773 | +€884 | +46.8% |
| Recurring financial charges | 65 | €1,890 | €2,773 | +€884 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €35,481 | €31,030 | -€4,451 | -12.5% |
| Income taxes | 67/77 | €8,012 | €6,889 | -€1,124 | -14.0% |
| Profit (loss) for the period | 9904 | €27,469 | €24,141 | -€3,327 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,469 | €24,141 | -€3,327 | -12.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.